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CNBC
Sep 27, 2012 3:00pm EDT
. that's an exclusive interview later this hour. also, don't miss my exclusive with john thain in the next hour. let's look at where we stand as we enter the final stretch. as i mentioned, the market had been up about 100 points earlier. we're very shy of the highs of the day. financials doing well. bank of america one of those dow components. jpmorgan as well. check the s&p 500. here's a look. again, that is the highest of the day. just shy of it, actually. up 14.5 points. better than 1%. we mentioned that gdp data. let's not forget we also had a dismal report on durable goods orders, once again showing weakness in this economy. investors not worried about these numbers today. >> we got decent news out of europe and china this morning. either way, we're asking if investors should think twice before buying into this kind of a rally based on what the u.s. economy is telling us right now. let's talk about it in today's "closing bell" exchange. we have larry blazer from mayflower advisers and our own rick santelli and mandy drury. larry glazer, you happen to believe that economically there's
CNBC
Sep 25, 2012 3:00pm EDT
the automakers bringing it to the golden state. john ford is at google headquarters with the story. >> reporter: google and self-driving cars, california's governor about to sign a bill that moves those really close to being a reality for everybody else here in california. he's going to arrive here in just about 20 minutes. now, last year nevada signed a similar law that allowed self-driving cars on the road. that just went into effect this year. california is the big deal here because there are more than 30 million licensed vehicles on the road in california, making it the biggest state for cars by far. last month california -- sorry, google announced that more than 480,000 miles had been driven in the self-driving, driverless cars without an accident. that's a pretty big deal. they're hoping that this technology will spread. one thing to note, google uses these cars to collect map data, which is one advantage they've got over apple going forward in the maps mess. back to you. >> so how does it work, john? you just program where you're going and just plug in and -- i mean -- >> en
CNBC
Oct 2, 2012 3:00pm EDT
john chambers recently said whoever wins this election should govern like bill clinton as he spoke about clinton's effectiveness. what's going on from your view sitting on the board of cisco, having the experience that you've had at yahoo! tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is not so much the social interactions but everybody's talking so much about data. data is very, very hard to mine correctly. so i think you're going to see a push back towards a lot of enterprise apps that really figure out how it get information to the companies so they can actually be more personalized for the user, but easy to say, a lot to do. >> and really quick, on what you're seeing out there, how tough is europe right now for technology? what are you seeing in terms of the global slow down? >> well, europe continues to baffle us in general in technology. it looks like it's getting softer, not stronger. you know, companies that di
CNBC
Sep 28, 2012 3:00pm EDT
users criticize the new map application. john ford joining us now. what exactly is tim cook thinking? is this something you could have seen steve jobs doing? >> well, yeah, marimaria. i can't tell you exactly what he's thinking. he's signaling to people this is a big deal. he's in the going to try to spin it. the only fix is to gradually make this product better. would steve jobs have apologized? maybe. four years ago when the mobile me service flopped, jobs sent a message internally to employees that conveniently leaked. it didn't say i'm sorry, but it said we screwed up, and here's what we should have done better. this map app is more of an issue. navigation is a central part of the mobile experience. i believe this is a pivotal moment for apple. the company's culture is set up to make it good at systems but bad at services. good at secrecy, bad at apologizing. steve jobs never successfully shifted the culture to fix the internet services problem. i think tim cook is signaling he's going to try. i'll add this quickly. it's crucial he succeed because between maps, i-cloud and other
CNBC
Oct 1, 2012 3:00pm EDT
those two. technical side, carter worth. on the fundamental side, john stevenson, with first asset investment in toronto. carter, you brought a rather long-term chart. >> sure, i did. >> to make your point today. >> right. actually we're on the side of the s&p here. just for fun -- >> you'd pick stocks over gold. here's why. >> here's the very long-term chart. it starts when the s&p was first conceived. >> what is this no. >> this is the ratio. simply taking the price of gold as it relates to the price of the s&p. one unit of gold, one unit of the s&p. the denominator changes or the numerator. in this case gold gets five times the price of the market. it's a function not so much of gold, but stocks collapsing in the '30s. >> when this chart goes higher gold was outperforming stocks. >> this is a function not only of gold, but stocks were terrible in the '30s. when the ratio spikes again in the '70s it wasn't so much stocks, but gold was really surging. that was the record high. right know we're about 1.2. the average if you take all this is about 1.5. it's not that out of skew in t
CNBC
Sep 26, 2012 3:00pm EDT
, john engler -- >> this is an economy that wants to move, that i believe could lead the world back. it's sort of like the nfl. if the players don't know how to play the game, don't know how it's going to be refereed. well, in washington our referees are on strike. they're not getting much done. thampbl >> that about sums it up. let's bring in our guests. gentlemen, good to have you on the program. how real is this issue? you know, because of this gridlock in washington and this inability to get anything done, you're really seeing business stall. >> well, business people and investors never have as much information as they'd like and never as much visibility into the future. you do the best you can with what you have. we're in this slog. it's a global slog. europe is also in trouble. china is growing very slowly. i think we will fight our way out of it. i think there's good opportunity for investors in risky assets. >> do you acknowledge there's a bit of a paralysis going on as a result of the uncertainty about the fiscal cliff? >> there's always uncertainty. >> i know that, but thi
CNBC
Oct 3, 2012 3:00pm EDT
. >> bill, that's something john thain said, the head of cit. he said one thing he's constantly hearing from small businesses is that they're getting stuck with the ordinary income tax rate. it's choking them. >> chris, i'll give you the last word quickly. >> romney's moving in the right direction. he should focus on simplification. the simplest thing to do would be on the corporate side to slash the corporate rate. we got a 35% rate. canada's at 15. this is crazy. we need to just cut those rates and grow the economy. >> gentlemen, thank you both. >> thank you. >> see you later. by the way, taxes are sure to be a big part of tonight's first presidential debate between governor romney and president obama. you can catch the entire debate right here co-hosted by maria and carl kwint knee ya. begins at 8:00 p.m. eastern time. >> meanwhile, we're in the final stretch for the day ahead of the debate. we have the market mixed here. >> another trading snafu. nasdaq cancelling some kraft food group trades after a potential transaction error caused that stock to spike on the open this morning. just on
CNBC
Sep 27, 2012 4:00pm EDT
with you, rick. john taft, let me ask you about your clients. you've got to put money to work in this environment. how do you do it when we see the fundamentals are not keeping up with some of this market performance? >> it's a real challenge. the private client was tremendously traumatized by the financial crisis and spooked by technology glitches and continuing scandals in the marketplace. they still don't trust that if they put their money in stocks, bonds, mutual funds, it's going to grow in value over time. we've been encouraging them in as many ways as we can to move out of cash, move out of bonds, which they perceive as safe but have their own risks, into at least a benchmark waiting in equities. the problem is all through this year you've had overhanging uncertainty in the marketplace. first, u.s. economic growth, china, european sovereign debt crisis. those have been replaced right now by, as you've mentioned, fiscal cliff and debt ceiling negotiations. the investor is confused about where to go, but those investors who stayed in cash missed this rally that we've had thi
FOX Business
Sep 27, 2012 3:00pm EDT
manage company money with the oversight. a lot of people coming together with big ideas. john mccain, senator from arizona talking to us right here about real ideas. he tells us exactly what is going on as it pertains to how we get the country back in order. plus, very first u.s. ambassador to iraq, a lot of businesses who wanted to jump right in to help rebuild iraq because it can make them a lot of money. how has that come along. ashley: we look forward to it. the cme group, the nymex. let's begin, thank you for joining us at the nyse. look, the initial economic data was pretty miserable, but the market is not really responding. >> clearly nobody's paying attention to the u.s., it is all about china, the additional stimulus and all of that. traders really have found this market to be quite oversold taking the opportunity to ride on the back of good headlines because that is all that is driving us is headlines. make some money. i think they're taking a little bit of money off the table at the end of the day. ashley: are we due for a correction anytime soon? >> you're hearing a lot f
CNBC
Oct 3, 2012 4:00pm EDT
. eastern. i'll be hosting the pre and post coverage along with carl quintanilla. of course, john harwood will also be with us. he's live on the ground in denver. he's here with a preview. over to you, john. >> hey, maria. it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's down from a five-point margin a couple weeks ago. he's 9/11 florieven in florida,. he still trails in ohio by five points. that's a big problem. he needs to win the state of ohio. that just shows he has an opportunity tonight. three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and low-income workers. president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how
FOX Business
Sep 28, 2012 3:00pm EDT
chuck schumer, hillary clinton, rudy giuliani. this is the type of guy john thain is. liz: you know what he got in the mail, their portraits off the wall from the boardroom. why is that necessary? >> why did he do that? liz: the seagram's people did that. and then they got rid of it. this is inside hollywood. they did. removing company history. that was huge history. charlie: that was one of the iconic moments in finance. remember, terrace attack new york city, basically take down the world trade center, destroyed the communications. verizon has its communication hub there. it is all down. down for a week. what does grosso do, he brings it back. liz: he is a relic. charlie: he did a great job. obviously, getting people, the tech people, involved. liz: puts the pictures back. charlie: duncan -- liz: where were they, in the basement? charlie: it was an urban legend. i checked today, it is not true. it has bounced around the floor of the new york stock exchange that thain erase or photoshop grosso's face and then put that 917 picture back. i am not believing that one. he did take down
CNBC
Sep 28, 2012 4:00pm EDT
disappearance, police searched the grounds of a suburban detroit home. nbc's john yang with the latest. >> reporter: investigators took two soil samples from that shed. it's that area where an informant says 37 years ago around the time of jimmy hoffa's disappearance, he saw something being buried. police last week took ground-penetrating radar, looked at that radar and found indications of something about two feet beneath the ground. they've decided to go ahead, take these soil samples. they'll be analyzed by a forensic anthropologist at michigan state university. if they find evidence of human remains in those soil samples, then they'll start digging it up to see what's there. the police chief said from what he saw as they dug it out, they pulled out those soil samples, they were dark, murky earth. no immediate indications to the naked eye of something in there. but why they're going to be analyzed by a forensic anthropologist, to see if this is where the mystery of the disappearance of jimmy hoffa ends. maria. >> amazing. thanks so much. we'll keep following that. up next, fi
FOX Business
Sep 25, 2012 3:00pm EDT
importers that rely on chinese-made products sell in the united states. >> john snow under president bush, a currency manipulator, tried to manipulate or at least soften what was happening in china but this is not incumbent or maybe he is right that you can't really tell china what to do. what you looking at? liz: senator chuck schumer sale of spike in the number of truckers crashing into bridgees and overpasses on highways where they don't belong. eight of ten of these crashes was two hundred year is caused by truckers being misdirected by global positioning satellites that wrongly put them on parkways where they should not be. senator chuck schumer weighing in. >> the gps directed me on it and many truckers do not know that the gps is not programmed to be the same -- or a 15 foot high tractor-trailer. the owner should be on dot to make sure. liz: he wants to probe the matter and investigate the matter and issue new nationwide standards for the gps industry but the problem is truckers are using these consumer devices and google maps -- the devices for truckers to use so they can avo
FOX Business
Oct 1, 2012 3:00pm EDT
. if you notice, watching the markets today, you see the s&p and the dow johns industrials have been holding green, but the tech heavy nasdaq sold off, quickly went through, grabbed tech names, but you can see many of the names from advanced micro to seagate and apple in there, another name that's been selling off, and it's easy to find tech names under pressure here. the vix, as we know, the fear index, another factor. the dollar coming up off the lows. put that all together, and we're waiting for a jobs report friday with another element of uncertainty to the market throughout the week. sometimes it's the wait and see. these are the elements they wait to see. what's that report was eluding to. thank you. ashley: no ben bernanke bounce, maybe more of a thud. still up 62 points. nicole, thank you. has the u.s. economy tipped into a recession again? well, there's now serious debate as wall street analysts and economists dive into the new economic data and what it shows us. liz, what are the wall street analysts saying? >> there's an interesting debate. how consumer spending hangs in s
CNBC
Sep 26, 2012 4:00pm EDT
oil again. should investor s be concerned about this 10% plunge? john, is this a red flag for investors? to what do you attribute this move for oil, and how does this impact the market? >> i think the crude oil has been the conscious of this market since qe-3 was lost. crude oil keyed almost immediately off why qe-3 was being undertaken. that's because of the poor economic environment we've been in. all these things pointing to a slow down, not to mention the swing demand center of the world, china, slowing down and having problems really has put the brakes on what was an impressive rally. we've given back 10% of that now already in rapid fashion. i think it's a clear signal for investors across the markets to watch out. there's a ral slowing going on. >> there's a real slowing going on, and it's being reflected in the price of oil. where else is it being reflected? might we see other commodities start following oil lower? >> you're starting to see the agricultural commodities break down a bit. you saw soybeans down around 15. that could get into the low teens quickly here. al
FOX Business
Oct 3, 2012 3:00pm EDT
fans during the games, and the most passionate people. governor john k. sec who took over as governor and unemployment was 9% at the height of the financial crisis. today 7.2%. today is fourth. how does he keep the picture improving? the term rock-and-roll hall of fame created here. we will be live all day tomorrow at the rock-and-roll hall of fame. the ceo on the unbelievable economic impact. $100 million come through the rock hall of fame. one of the top tourist attractions in the united states. we have a big surprise announcement from the rock hall of fame tomorrow. don't miss that. on friday the ceo on real-estate. we have got the warren buffett focus who turned his investment on cleveland. a rare interview with the chairman, president and ceo who does not do a lot of interviews. he started in in 1973 as a student employee and he has risen to be the ceo. that is the great american great cleveland story. we have mayor frank jackson and president mark shapiro, this is a great story in cleveland. ashley: got to let you get back to jimmy page. liz claman in cleveland, ohio. w
FOX Business
Sep 26, 2012 3:00pm EDT
decides to send you an american greetings card two months after your actual birthday, john casonne. a big, shining light has just entered the studio with me, and that is david asman. david: waiting with baited breath to get their hands on this hour. let's just you and i talk, though, first about housing. because we got these kind of mixed signals this morning on housing. on the one hand, we had this enormous price pop, more than 11% prices went up on median home sales in august. this is the biggest price hike ever for home sales. but on the other hand, the actual sales themselves, the number of actual sales, buzz lower than -- was lore than expectations. -- lower than expectations. cheryl: i think there's a couple things going on. and i think it was a temporary blip as far as sales volume, i think you're going to see it pick up especially thanks to ben bernanke and 50-year lows on interest rates, hole ri cow. and a lot of those home-building stocks, my god, they're up 900, 200% -- 100, 200%. david: i've got to argue with you on one point, do you really think a two-tenths of a percent drop
CNBC
Oct 2, 2012 4:00pm EDT
, thomas and john and larry too. so it's a good team. >> take a short break, larry. we're going to continue our conversation. we're going to talk about allocating capital in a different way. stay withi inus. larry ellison joining us on "closing bell" after this. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let
Search Results 0 to 17 of about 18